Advanced search ?

Object

Austrian welfare economics: A critical approach

Download

Title: Austrian welfare economics: A critical approach

PLMET:

click here to follow the link

Creator:

Wysocki, Igor ; Megger, Dawid

ORCID:

0000-0002-4926-4010

Description:

Od 2013 pt.: Ekonomia - Wroclaw Economic Review

Abstract:

It seemed that since Rothbard’s (2008 [1956]) exquisite Toward a Reconstruction of Utility and Welfare Economics, one can make a case for the free market based on some modified concept of efficiency. Rothbard famously argued that being equipped with the notions of Pareto-superior moves and demonstrated preference suffices for the above purpose. Our agenda in the present paper is purely negative. First, we face the challenge — in our opinion, inadequately addressed in Austrian literature so far — of sharply defining Pareto-superior moves; to wit, how to evaluate whether a Pareto-superior move occurs; or, more specifically, what is the standard of comparison which would allow us to determine whether a given action constitutes a Pareto-superior move or not. Thus, we sieve out any approaches to social welfare that would be either trivial (and therefore uninteresting) and the ones that would be irreconcilable with fundamental Austrian premises (e.g., ordinal value scales and therefore non-aggregation of utility, etc.). As a result, we seemingly end up with what might constitute a specifically Austrian view on welfare, which non-surprisingly coincides with the actual positions taken by contemporary prominent Austrians themselves (for instance, see: Gordon, 1993; Herbener, 1997; Block 1995). Yet, the main thrust of our paper is to argue that this very position cannot withstand criticism, for it either makes an intuitively wrong prediction (as we demonstrate in our thought experiment) or it vitiates the argument for the free market from the concept of Pareto-efficiency.

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Contributor:

Machaj, Mateusz. Red. ; Dybał, Mariusz. Red.

Date issued:

2019

Identifier:

oai:repozytorium.uni.wroc.pl:96379 ; ISSN 2084-4093

DOI:

10.19195/2084-4093.25.1.5

Language:

eng

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3905. Ekonomia, ISSN 2084-4093 ; 25/1, s. 73-80

Is version of:

Czasopisma Naukowe w Sieci (CNS)

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o., Wrocław 2018

Autor opisu:

WR U/PAdjm

Subject and keywords:

welfare economics Austrian school of economics theory of threat voluntary exchange Rothbard, Murray Newton (1926-1995) property rights

Object collections:

Last modified:

Dec 22, 2020

In our library since:

Sep 23, 2019

Number of object content hits:

39

Number of object content views in PDF format

39

All available object's versions:

https://repozytorium.uni.wroc.pl/publication/103997

Show description in RDF format:

RDF

Show description in OAI-PMH format:

OAI-PMH (DC)

OAI-PMH (METS)

Edition name Date
Austrian welfare economics: A critical approach Dec 22, 2020

Objects

Similar

Za czy przeciw? Stosunek libertarian i obiektywistów do Państwa Izrael

Juszczak, Jakub Sadowski, Mirosław (1964- ). Red.

czasopisma

Murray Rothbard, najważniejszy austriacki ekonomista?

Machaj, Mateusz Dybał, Mariusz. Red. Kwaśnicki, Witold. Red. Machaj, Mateusz. Red.

czasopisma online

Interwencja binarna jako przykład państwowego etatyzmu w gospodarce

Wojtyszyn, Radosław Dybał, Mariusz. Red. Kwaśnicki, Witold. Red. Machaj, Mateusz. Red.

czasopisma online

Interwencja triangularna i jej konsekwencje dla gospodarki

Wojtyszyn, Radosław Dybał, Mariusz. Red. Kwaśnicki, Witold. Red. Machaj, Mateusz. Red.

czasopisma online

Zależność pomiędzy prawem własności intelektualnej i prawami człowieka

Golka-Jastrząb, Ewa Balicki, Ryszard. Red. Jabłoński, Mariusz. Red. Wójtowicz, Krzysztof. Rec.

ebook

Jakie skutki niesie za sobą prywatna własność?

Kwaśnicki, Witold Olszewski, Leon (1940- ). Red.

czasopisma online

Gender directive jako przykład regulacji na rynku ubezpieczeń życiowych w świetle austriackiej krytyki interwencjonizmu

Jasiński, Łukasz Klimek-Smęt, Dominika

czasopisma online

Idea neutralności pieniądza a wybrane nurty ekonomii

Mikołajczak, Dawid Machaj, Mateusz. Red. Dybał, Mariusz. Red.

czasopisma online
More

Contact details

Address

Wroclaw University Library
st. Fryderyka Joliot-Curie 12
50-383 Wroclaw, Poland

Phone

(+48) 71 346 31 10
(+48) 71 346 31 66

E-Mail

sin.bu@uwr.edu.pl

Visit us!

This page uses 'cookies'. More information